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Forex Technical Analysis: Trend potential

Presented method is the method of technical analysis, which statistics of accuracy is within the range of 60-70%. It is based on three key indicators (Bollinger bands, ADX and RSI) as well as on price levels and price action signals. Analyst Alexey Panasenko is the method's author.

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Forex Technical Analysis: Trend potential

Forex technical analysis helps to answer the questions: How to interpret Forex rates? Buy? Sell? Close a trade? Take profit or let it run for some more time? Will it face reversal or go trhough correction? Accept a loss and “flip over” or wait for some more time? Finally, how to define Forex trend?” All these questions drive a trader (mainly beginning) crazy, if he does not know the answer. By the way, who will dare to claim to know the answer? Forex exchange rates are cruel towards one's self-confidence and arrogant manner.

Nevertheless, it is subject to regularities and daily techical analysis forex. There are plenty of strategies on Forex trend lines. We are not so much interested with the direction of fx rate along major lines (this is interesting too, though) as with the Potential of the Forex trend. The main purpose of our Forex technical analysis report named "Potential of Trend" is to find if current price goes through correction either we face a trend.

Example of Forex technical analysis

03 - 07 October	weekly forecast 03 - 07 October S&P500, oil and gold in the weekly review S&P500 Monthly: ADX is corrective, the oscillator has signs of divergence, so we do not wait the index above 2201.6 (the upper Bollinger band). Support is at 2062.8 (middle Bollinger band) Weekly: so far, here the price is within the upper Bollinger envelope (the range 2130.1-2225.4). ADX More
2016	EURUSD	GBPUSD	USDJPY
07 October	Looking for the entry points after NPF release Daily chart: southern accumulation is about to give results. Now everything is aiming to break the lower Bollinger envelope, after which another pullback to the middle Bollinger band (1.1207) will be possible. But the charge of ADX is so strong that such a high correction may not happen. Traders nee More	Analyze of today's Apocalypse Daily chart: What happened today was not entirely unexpected - Southern accumulation of potential was well-expressed and strong. The surprise is only about the depth. I would like to congratulate bears, who were expecting profit by the New Year, but got it earlier this morning. Н4: a rollback bul More	Market is ready to leap, and we are looking for entries Daily chart: ADX has entered an active trend zone, so probably today an oucome will take place. And bulls certainly have a positional advantage to take a leap for more 300 points (around 106.74. The question is only whether any downward rollback will happen, where you can buy the dollar for less a More
06 October	Expecting tomorrow's NPF	Sell to 1.2640	104.79-104.07 is resistance zone
05 October	Decline towards 1.2689 and then correction is possible		Looking for downward entry points around 103.06 and 103.33
04 October	Decline to 1.1147	A local upward reversal is possible	Bulls are in search of upward entry points
03 October	Downward phase of the flat	Looking for Sell opportunities from around 1.2963	The range 101.00-101.56

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Forex Technical Analysis: Trend potential

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